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Innovative Industrial Properties (IIPR): analyst forecast and price target
Analyst consensus
Hold2 Buy2 Hold1 Sell
Ratings of 5 analysts in the last 3 months12-month forecast
Based on 5 price targets given in the last 3 months, the average target is $62.56, the highest $90.00, the lowest $44.00. The average is +19.4% from the last price of $52.39.
Analyst ratings 7
| Analyst | Firm | Price target | Rating | Upside | Action | Date | Move vs SPY | |
|---|---|---|---|---|---|---|---|---|
| AI DeepSeek REIT - IndustrialDeepSeek R1-0528 | TipRanks - DeepSeek | $57.00 → $56.00−1.8% | Hold | +6.9% | Reiterated | 15.10.26on TipRanks 02:05 | — | |
| AI OpenAI REIT - IndustrialOpenAI 4o | TipRanks - OpenAI | $58.00 → $56.00−3.4% | Hold | +6.9% | Downgrade | 15.10.26on TipRanks 02:05 | — | |
| AI Anthropic REIT - IndustrialAnthropic Opus-4.1 | TipRanks - Anthropic | $55.00 → $54.00−1.8% | Hold | +3.1% | Reiterated | 15.10.26on TipRanks 02:05 | — | |
| AI Google REIT - IndustrialGemini 2.5Pro | TipRanks - Google | $58.00 → $57.00−1.7% | Buy | +8.8% | Reiterated | 15.10.26on TipRanks 02:05 | — | |
| AI PerPlexity REIT - IndustrialPerPlexity SonarPro | TipRanks - PerPlexity | $57.00 → $56.00−1.8% | Hold | +6.9% | Reiterated | 15.10.26on TipRanks 02:05 | — | |
| Simon Yarmak★★★★★★★★★★#658 · hits 63% · avg +9.1% | Stifel Nicolaus | $56.25 | Buy | +7.4% | Initiated | 14.10.26on TipRanks 05:16 | +0.8%next day +3.2% | ↗ |
| Alexander Goldfarb★★★★★★★★★★#3338 · hits 51% · avg +3.0% | Piper Sandler | $51.00 → $44.00−13.7% | Sell | −16.0% | Reiterated | 12.10.26on TipRanks 06:55 | −1.2%next day +0.7% | ↗ |
| AI xAi REIT - IndustrialxAI Grok-3 | TipRanks - xAI | $62.00 → $58.00−6.5% | Buy | +10.7% | Reiterated | 01.10.26on TipRanks 17:05 | — | |
| AI DeepSeek REIT - IndustrialDeepSeek R1-0528 | TipRanks - DeepSeek | $60.00 → $57.00−5.0% | Hold | +8.8% | Reiterated | 01.10.26on TipRanks 17:05 | — | |
| AI OpenAI REIT - IndustrialOpenAI 4o | TipRanks - OpenAI | $61.00 → $58.00−4.9% | Buy | +10.7% | Upgrade | 01.10.26on TipRanks 17:05 | — | |
| AI Anthropic REIT - IndustrialAnthropic Opus-4.1 | TipRanks - Anthropic | $59.00 → $55.00−6.8% | Hold | +5.0% | Reiterated | 01.10.26on TipRanks 17:05 | — | |
| AI Google REIT - IndustrialGemini 2.5Pro | TipRanks - Google | $62.00 → $58.00−6.5% | Buy | +10.7% | Reiterated | 01.10.26on TipRanks 17:05 | — | |
| AI PerPlexity REIT - IndustrialPerPlexity SonarPro | TipRanks - PerPlexity | $61.00 → $57.00−6.6% | Hold | +8.8% | Downgrade | 01.10.26on TipRanks 17:05 | — | |
| AI xAi REIT - IndustrialxAI Grok-3 | TipRanks - xAI | $65.00 → $62.00−4.6% | Buy | +18.3% | Reiterated | 26.09.26on TipRanks 00:05 | — | |
| AI DeepSeek REIT - IndustrialDeepSeek R1-0528 | TipRanks - DeepSeek | $63.00 → $60.00−4.8% | Hold | +14.5% | Downgrade | 26.09.26on TipRanks 00:05 | — | |
| AI OpenAI REIT - IndustrialOpenAI 4o | TipRanks - OpenAI | $64.00 → $61.00−4.7% | Hold | +16.4% | Downgrade | 26.09.26on TipRanks 00:05 | — | |
| AI Anthropic REIT - IndustrialAnthropic Opus-4.1 | TipRanks - Anthropic | $61.00 → $59.00−3.3% | Hold | +12.6% | Reiterated | 26.09.26on TipRanks 00:05 | — | |
| AI Google REIT - IndustrialGemini 2.5Pro | TipRanks - Google | $63.00 → $62.00−1.6% | Buy | +18.3% | Reiterated | 26.09.26on TipRanks 00:05 | — | |
| AI PerPlexity REIT - IndustrialPerPlexity SonarPro | TipRanks - PerPlexity | $63.00 → $61.00−3.2% | Buy | +16.4% | Upgrade | 26.09.26on TipRanks 00:05 | — | |
| Bill Kirk★★★★★★★★★★#12248 · hits 38% · avg −7.9% | Roth MKM | $90.00 | Buy | +71.8% | Reiterated | 26.08.26on TipRanks 09:45 | −1.0%next day −1.7% · 5 days −0.2% | ↗ |
| Aaron Grey★★★★★★★★★★#11931 · hits 35% · avg −6.2% | Alliance Global Partners | $55.00 → $60.00+9.1% | Hold | +14.5% | Reiterated | 24.08.26on TipRanks 07:30 | +0.5%next day +1.1% · 5 days −0.3% | ↗ |
| Alexander Goldfarb★★★★★★★★★★#3338 · hits 51% · avg +3.0% | Piper Sandler | $51.00 | Sell | −2.7% | Reiterated | 05.08.26on TipRanks Aug 4 07:45 | +1.2%next day −2.9% · 5 days −4.3% | ↗ |
| Tom Catherwood★★★★★★★★★★#9924 · hits 45% · avg −1.0% | BTIG | — | Hold | — | Reiterated | 03.08.26on TipRanks Aug 4 08:04 | −1.8%next day +1.2% · 5 days −4.1% | ↗ |
| Merrill Ross★★★★★★★★★★#2118 · hits 58% · avg +7.0% | Compass Point | $45.00 | Hold | −14.1% | Upgrade | 03.03.26on TipRanks 08:55 | +0.8%next day +5.0% · 5 days +0.4% | ↗ |
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Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst
Best analysts covering Innovative Industrial Properties
TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.
Most accurate
Most profitable
How the average price target moved
The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $67.00 at a price of $52.68 (+27.2%); now: $62.56 at $52.39 (+19.4%).
PriceAverage targetTop analysts’ target
Recommendation trend
Strong BuyBuyHoldSell
| Rating | 05.26 | 06.26 | 07.26 | 08.26 | 09.26 | 10.26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 0 | 0 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 0 | 0 | 1 |
| Hold | 1 | 0 | 0 | 2 | 2 | 2 |
| Sell | 1 | 1 | 2 | 2 | 2 | 2 |
Earnings and sales forecast
Next report: 02.11.26 (Q3 2026, date not confirmed)
Earnings per share
Next quarter’s EPS estimate — $0.90 (from $0.83 to $1.03). Last quarter: $1.36.
Sales
Next quarter’s sales estimate — $61M (from $56M to $65M). Last quarter: $63M.
Best top-analyst consensus in the sector · Realestate
About Innovative Industrial Properties
- CEO: Paul E. Smithers
- Employees: 24
- 11440 West Bernardo Court, San Diego, CA, 92127, US
- www.innovativeindustrialproperties.com
Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.
Data from the stock’s TipRanks forecast page, read 154 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗